SEOUL, March 17 (Korea Bizwire) — Hyundai Motor’s luxury brand Genesis is seeing unprecedented success in the U.S. market, where it accounted for nearly one-third of global sales last year. However, potential tariff barriers under a new Trump administration pose a significant challenge to sustaining this growth. According to Hyundai’s latest Investor Relations (IR) report, Genesis [...]
SEOUL, March 11 (Korea Bizwire) — KG Mobility Corp. on Tuesday launched the Torres Hybrid, the automaker’s first hybrid electric vehicle (HEV) model that comes with enhanced fuel efficiency and convenience features. The Torres Hybrid is equipped with a 1.83 kilowatt-hour (kWh) high capacity battery and a parallel dual-motor system. Its fuel efficiency is rated [...]
SEOUL, March 7 (Korea Bizwire) — For the first time, Lamborghini has incorporated a battery from South Korea’s LG Energy Solution into one of its high-performance plug-in hybrid supercars. The announcement was made by Lamborghini Chairman Stephan Winkelmann during the South Korean launch event for the Temerario, the latest addition to the automaker’s electrified lineup. [...]
SEOUL, March 7 (Korea Bizwire) — Kia Corp.’s electric compact sport utility vehicle (SUV) EV3 has been named the U.K. Car of the Year 2025, the company said Friday. The Kia EV3 topped the Small Crossover category of the annual award and took the overall top honor, outperforming strong contenders across six other segments, according [...]
SEOUL, March 6 (Korea Bizwire) — Genesis, Hyundai Motor Group’s independent luxury brand, said Thursday it has launched its revamped GV60 electric vehicle (EV) model with a suite of design and performance upgrades. The upgraded model, introduced three years and five months after the launch of the original GV60, refines the brand’s “Athletic Elegance” design [...]
SEOUL, March 2 (Korea Bizwire) — Chinese electric vehicle giant BYD is facing significant roadblocks in its South Korean expansion, with the launch of its first model, the Atto 3, delayed due to unresolved subsidy approvals. The setback has frustrated consumers who had pre-ordered the vehicle expecting deliveries last month. Industry observers suggest that BYD, struggling [...]
Tarragona, Spain, Feb. 27 (Korea Bizwire) — Kia and Samsung Electronics have announced a strategic partnership to integrate Samsung’s AI-powered Internet of Things (IoT) platform, SmartThings Pro, into Kia’s purpose-built vehicles (PBVs). The collaboration, unveiled at the 2025 Kia EV Day event in Tarragona, Spain, on February 24, aims to enhance business automation for commercial [...]
Tarragona, Spain, Feb. 27 (Korea Bizwire) — Kia has introduced its first purpose-built vehicle (PBV), the PV5, as part of its strategy to lead in customized mobility solutions. Designed for passenger transport, cargo delivery, and wheelchair accessibility, the PV5 offers a highly adaptable interior, making it suitable for various specialized applications, including camping and refrigerated transport. [...]
SEOUL, Feb. 27 (Korea Bizwire) — The Seoul Metropolitan Government is set to debut South Korea’s first artificial intelligence (AI)-powered robotic electric vehicle (EV) charging system, ‘Seoul Boy,’ on February 27. The innovative system, developed in collaboration with EV charging specialist Moderntec, will be located at the public parking lot of Sinbanghwa Station on Subway Line [...]
SEOUL, Feb. 26 (Korea Bizwire) — Emergency roadside assistance for electric vehicles (EVs) varies significantly by season, with winter dominated by towing requests and summer seeing a surge in tire puncture repairs, according to a recent study. The Traffic and Climate Research Center at Hyundai Marine & Fire Insurance analyzed two years of data from [...]